by Paul Cooke | Oct 15, 2026 | AML Compliance
An accounting firm’s title doesn’t determine whether its work is captured by Australia’s AML/CTF rules. The engagement does. To understand what is a designated service AUSTRAC may regulate, look at the specific work performed and whether it fits a relevant description...
by Paul Cooke | Oct 14, 2026 | AML Compliance
Could two lawyers in the same firm have different AML/CTF obligations? Yes. For AML CTF lawyers, the key question is not simply whether they practise law, but whether their work involves a designated service in circumstances covered by the regime.That distinction...
by Paul Cooke | Oct 13, 2026 | AML Compliance
What makes monitoring useful is not simply the alerts it generates, but how clearly your team can review activity, make a decision and explain what happened next. For Australian accounting firms searching for “Transaction monitoring software Australia”, the right...
by Paul Cooke | Oct 12, 2026 | AML Compliance
What if your team could spend less time moving KYC information between forms and files, and more time applying its expertise where it matters? For Australian accounting firms, reducing manual effort in KYC isn’t about removing people from the process. It’s about...
by Paul Cooke | Oct 11, 2026 | AML Compliance
What would your board see if it asked not just whether AML/CTF tasks were completed, but whether the controls are working? For Australian accounting firms, proving compliance effectiveness to the board means connecting evidence across client checks, risk monitoring,...
by Paul Cooke | Oct 10, 2026 | AML Compliance
Could a cash offer, an intermediary or a rapid resale be ordinary property activity, or a reason to look closer? Recognising money laundering red flags for real estate starts with that distinction: an unusual feature is a prompt to understand the context, not proof of...
by Paul Cooke | Oct 9, 2026 | AML Compliance
How can a legal practice strengthen AML controls without making client service slower or more difficult? Mitigating money laundering risks in legal practices starts with understanding how clients, matters and payment flows connect, rather than applying the same checks...
by Paul Cooke | Oct 8, 2026 | AML Compliance
What if managing AML compliance with a small team depended less on adding people and more on making responsibilities clear? For accounting firms providing designated services, AML/CTF obligations for Tranche 2 entities commenced on 1 July 2026. That is a substantial...
by Paul Cooke | Oct 7, 2026 | AML Compliance
A blanket document chase can create more work without resolving the risks that matter. A practical KYC remediation project plan gives Australian firms a clearer way to identify gaps, prioritise existing client files and keep everyday client work moving.If your firm...
by Paul Cooke | Oct 6, 2026 | AML Compliance
What if the strongest case for compliance technology isn’t avoiding penalties, but understanding what your current process is costing the firm? For Australian accountants, justifying investment in compliance technology starts with a practical question: what does...
